- Associated Press - Thursday, January 14, 2016

LAFAYETTE, La. (AP) - Lafayette Regional Airport met its preliminary goal in sales tax collection to build a new terminal.

From April to November of 2015, The Advertiser reports (https://bit.ly/1SPY217) $32.6 million was collected from a voter-approved 1-cent sales tax toward building the $90 million terminal.

The airport commission expected to raise between $35 million and $37 million through the temporary tax. The downturn in the oil and gas industry factored into lower than initially projected sales tax collections.

Airport Director Steven Picou said the commission will rely on federal and state grants and bonds to meet the $90 million price tag.


Information from: The Advertiser, https://www.theadvertiser.com

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